The True Cost of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.
Realtor.com reported that:
What proof exists that owning is financially better than renting?
1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Less than a month ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $49,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
Owning your home has many social and financial benefits that cannot be achieved by renting.
Blog Archive2018-12-11 11:01:29
How to Simply Increase Your Family Wealth by Paying for Housing
What If I Wait A Year to Buy a Home?
The Tale of Two Markets
Try Just One More Time
Where Are Interest Rates Headed in 2019?
Homeowners Aged 65+ Have 48x More Net Worth Than Renters
4 Reasons to Buy A Home This Winter!
7 Items to Check Before the Big Freeze
Further Proof It’s NOT 2008 All Over Again
24% of Renters Believe Winter is the Best Time to Buy a Home
The #1 Reason to Not Wait Until Spring to Sell Your House
Buyers: Don’t Be Surprised by Closing Costs!
3 Things Homeowners Are Thankful For
Females Are Making It a Priority to Invest in Real Estate!
7 Reasons to List Your House For Sale This Holiday Season
The Cost of Renting vs. Buying a Home
Home Sellers in Q3 Netted $61K at Resale
How to Honor a Veteran Today and Everyday
Highlights From This Month's Update
75% of Renters Have Been Misinformed
Why Has Housing Supply Increased as Sales Have Slowed Down?
2 Myths Holding Back Home Buyers
Are We Heading Towards Another Housing Bubble?
How Will Home Sales Measure Up Next Year?
Taking Fear Out of the Mortgage Process
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